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  • DOGE price continues to show strength as the price holds above the key $0.08 region as the bulls aim higher.
  • DOGE price continues to look bearish with the current state of the market as most traders and investors remain cautious.
  • DOGE price rebounds from a low of $0.07 on the daily time frame as price moves with eyes fixed on price resumption above the 50 exponential moving average (EMA)

Dogecoin (DOGE) continues to show better price action than of late than Bitcoin (BTC) as the price reclaims the $0.08 support and eyes a further rally towards a $0.1 region if the market crypto remains calm ahead of a monthly close. Despite the rebound in Dogecoin (DOGE), the price is still trading below the key region of interest that would attract the attention of many buyers. The Domino effect of the FTX saga and other huge investors has left the market at a standstill as the market has yet to make a major shift causing a lot of fear as to where the market might go . (Data from Binance)

Dogecoin (DOGE) Price Analysis on the Weekly Chart

Despite the uncertainty and turmoil that has plagued the price of Dogecoin (DOGE) and the crypto market as a whole, many altcoins are struggling to survive, trying to stay afloat as altcoin prices continue in a swing. falling price.

The price of DOGE moved from a region of $0.15 to a region of $0.7 as DOGE lost this key support. DOGE price failed to hold above $0.1 which led to a retest of the lower prices.

DOGE price continues to hold above $0.08-$0.07 indicating a good sign for the DOGE army on the weekly chart and other timeframes. If the DOGE price loses this region of interest, it would mean that the price goes and supports the DOGE price control.

Weekly resistance for DOGE price – $0.1.

Weekly support for DOGE price – $0.08 to $0.07.

DOGE Price Analysis on the Daily Chart (1D)

DOGE Daily Price Chart | Source: DOGEUSDT On Tradingview.com

The price of DOGE remains significantly high in the daily timeframe as the price is trading above $0.08 after DOGE saw its price decline from $0.15 to $0.07 as the market continues in his state of uncertainty.

DOGE price continues to struggle as price aims to bounce further in this region. DOGE price needs to recover and trade above $0.1 for a short-term relief bounce. The $0.1, corresponding to the Fibonacci retracement value of 38.2%, will strongly resist the DOGE price.

DOGE prices are trading at $0.08 below the 50 EMA, acting as resistance for DOGE on an uptrend. The price of $0.012 on the daily DOGE timeframe needs to be recovered for the bulls to feel safe.

Daily resistance for DOGE price – $0.11.

Daily DOGE price support – $0.08 to $0.07.

Featured Image From zipmex, Charts From Tradingview



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